Venture Capital News: Reltio Raises $120M
2021-11-05
REDWOOD CITY, CA, Reltio, the first cloud-native, software-as-a-service (SaaS) data platform that accelerates data value for businesses, has secured $120 million in funding.
The round was led by investment firm Brighton Park Capital ("Brighton Park"), with participation from existing investors Crosslink Capital, NewView Capital, RPS Ventures, Sapphire Ventures, and .406 Ventures. To date, Reltio has raised $237 million in total funding and is valued at approximately $1.7 billion. The new capital will help to fuel Reltio's growth strategies, expand global go-to-market, and further scale the company's efforts to deliver industry-leading products.
At Reltio, we believe data should fuel companies' success, not hold them back. Our first-of-its-kind, cloud-native platform synthesizes multi-source, complex data into a single source of trusted information. Agile enough to fit any company's needs, it can flex at will - for accelerated data value creation, and ongoing effectiveness. It's also fully compliant and secure, so data can be acted upon with confidence. Our diverse set of customers -- from start-ups to large enterprises in more than 140 countries spanning multiple industries -- rely on our award-winning platform to fuel their success.
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